Babylon’s Take-Private Deal With AlbaCore & MindMaze Will Not Proceed

Babylon Holdings Limited announced that the transaction proposed by AlbaCore Capital LLP (AlbaCore) and MindMaze Group SA (MindMaze), for a business combination of Babylon’s core operating subsidiaries with MindMaze, previously announced on June 23, 2023, will not proceed.

Following Babylon’s receipt of funding under its amended bridge notes facility with AlbaCore, Babylon has no binding commitment for additional financing to continue its business operations. As a result, the Group is exploring new strategic alternatives to find the best possible outcome for its UK business. Babylon remains focused on continuing the day-to-day operations of its U.K . . .